Markets opened by online bookmaker sportsbet.com.au are predicting house prices in Sydney and Melbourne to be higher this time next year, and Sydney unit values to drop in the same period.

Sydney and Melbourne median house price expected to increase by March 2018

Sydney apartment values favoured to be lower in 12 months’ time

Sydney median house prices are $1.25 to be higher in March 2018, or $3.75 to be lower. Melbourne’s house prices are rated a $1.50 chance to be greater or $2.50 to be lower.

Units in Sydney on the other hand, are set to decrease in value over the next 12 months. Sydney median apartment prices are $1.80 to be lower than currently, or $1.95 to be higher.

“Judging by our markets, this might be the year to sell if you’re an apartment owner, but for those with houses, there’s no sign of a property downturn in either Sydney or Melbourne,” said sportsbet.com.au’s Christian Jantzen.